The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: JoanP who wrote (895)	10/3/2001 6:27:47 AM
From: Tom Gordon	Read Replies (1) of 306849

Joan, Haan's overview on oil, a stark reality. Economies don't shrink as rapid as those oil prices, US gov't intervention indeed. With regards to those savings rates relative to inflation,that interest rate cut yesterday just put the savings at negative growth. Greeney is definitely in uncharted waters with these plummeting savings rates, when rates fall this fast an adverse reaction to the contrary most assuredly rears it's ugly face such as inflation. Bush is not relishing the fact of going to war with the Islamic's, Blair tried to flex his muscle yesterday,seemed to strenghten their resolve to fight, albeit there are murmurings of defection within the Taliban. He'll hold of the war as long as he can,so these markets can get a firm footing again, won't happen with people saving paying off huge debt. "Sorta like pi$$in in the wind singin God save the King". Gold is a must for these uncertain of times,the Fed is too busy manipulating oil to be butressing the price of gold from skyrocketing. Regards,Tom.

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